Apple will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four years, US president Donald Trump said Wednesday.
‘Apple will massively increase spending on its domestic supply chain,’ Trump added, highlighting a new production facility for the glass used to make iPhone screens in Kentucky.
‘This year alone, American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 different states,’ Cook said in the Oval Office.
‘This is a significant step toward the ultimate goal of… ensuring that iPhones sold in the United States of America also are made in America,’ Trump said.
Cook later clarified that, while many iPhone components will be manufactured in the United States, the complete assembly of iPhones will still be conducted overseas.
‘If you look at the bulk of it, we’re doing a lot of the semiconductors here, we’re doing the glass here, we’re doing the Face ID module here… and we’re doing these for products sold elsewhere in the world,’ Cook said.
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